January 29, 2019 (MLN): Disbursement of foreign loans during July – December FY19 have plunged by 61% to $2.3 billion whereas last year’s disbursement for corresponding period was $5.89 billion.

This figure for external financing does not include the $3 billion assistance from Saudi Arabia and the $1 billion transaction from UAE.

During the month of December alone, around $422 million were disbursed, the largest portion of which came from China ($187 million) and the second largest came from Asian Development Bank ($142 million).

The total disbursement in these six months is only about 24% of the finance ministry’s original annual estimate for fiscal year 2019.

The largest share of loan during these six months came from China ($835 million) while commercial banks lent around $499 million during the period.

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